Tag Archives : US auto industry
Obama’s Upcoming Stringent Rules on Emissions and Mileage
US President Barack Obama will soon clamp down on those people who have been loosely generous with their automobile emissions and mileage standards. The rules will apply nationwide and will follow the standards being enacted in the state of California. Both the Bush government and the auto industry had rejected these stringent levels.
Emulating the [...]
Filed in: Environment, Green News
Shape Up or Ship Out: Obama gives ultimatum to giant automakers to restructure or file for bankruptcy
The two former US automaker giants General Motors and Chrysler are facing a choice between submitting a viable plan of action or filing for controlled bankruptcy. A declaration of bankruptcy is the fastest method for restructuring, according to US President Barack Obama, as much as it is a ‘legal tool to end the debate.’ General Motors will have [...]
Filed in: Business, Market Trends
The Auto Industry Bailout is Really Bailout of the Auto Industry Unions
The Big Three car manufacturing companies of GM, Ford and Chevrolet have jumped on the asking-for-a-bailout bandwagon. Blame it on the American culture of credit. Americans live on loans and mortgages. Most do not purchase via cash. And because the US government has already bailed out US banks and mortgage companies, here come the US auto industry’s [...]
Filed in: Business, Market Trends
